Ballarpur Industries

Gurunath Mudlapur , Director, Atherstone Capital Markets Ltd. in an interview with ET Now talks about Ballarpur Industries . What is your call on Ballarpur? I think the sector is doing well. They are one of the largest players in the industry and they are going to gain from the growth which is happening in the industry and the stock is mostly given a buy call by people like us because I think it has not performed as per the markets and there is still...

MUMBAI: Overseas direct investment by Indian companies fell by 72 per cent to $2.05 billion in January 2015, showed the data released by the Reserve Bank today. Indian companies had invested $7.34 billion in their overseas ventures in January 2014. In December 2014, Indian companies had invested $2.47 billion in overseas markets. The investments were a mix of issuance of guarantees of $1.69 billion, loans of $178.72 million and equity investment of $180.23...

MUMBAI: Ballarpur Industries , the country's largest paper maker, expects its operating margins to improve sharply once a proposed expansion at its Malaysian pulp unit is complete, which would reduce the company's dependence on open market for its raw material needs. The Delhi-based flagship of the Avantha Group currently has an operating margin of 19%, which can go up to 24-25% after the expansion of pulp capacity at Sabah, Malaysia and at a local mill are tied up,...

NEW DELHI: Ballarpur Industries Ltd (BILT) today reported 98 per cent drop in consolidated net profit to Rs 41 lakh for the first quarter ended September 30, 2014-15 on account of lower sales and higher finance costs. The company, which makes writing and printing paper, had posted net profit of Rs 20.98 crore in the July-September quarter of the 2013-14 fiscal. Its Q1 revenues in the current fiscal stood at Rs 1,205.41 crore, down 10.36 per cent as against Rs 1,344.79...

NEW DELHI: Ballarpur Industries Ltd rallied as much as 13.49 per cent in trade on Tuesday after International Finance Corporation (IFC) said it will invest $100 million (about Rs 616 crore) in Bilt Paper BV , a step down subsidiary of paper manufacturer Ballarpur Industries, in lieu of fresh shares. At 09:35 a.m.; Ballarpur Industries Ltd was trading 9.2 per cent higher at Rs 17.80. It hit a low of Rs 17.60 and a high of Rs 18.50 in trade...

MUMBAI: APTART Technical Services has advised traders to buy Ballarpur Industries for target of Rs 37. "Buy Ballarpur Industries in the range of Rs 32-31 with stoploss of Rs 29.80 for target of Rs 37," said Sandeep Wagle, founder & MD, APTART. Note: Trading idea valid for time-period of 7-8 trading sessions. The entry / exit price levels, stop-losses, targets as well as the time frames are indicative and viewers should use their...

MUMBAI: Bharat Gala , President, Ventura Securities is of the view that Ballarpur Industries has the potential to move Rs 20 higher from current levels. "There is a high probability that Ballarpur Industries may cross Rs 39 hurdle with an ascending triangle pattern break out. The strength of the pattern is approximately Rs 20. Intermediate profit booking levels are at Rs 50-54. Support area is between Rs 34-30 range. Two consecutive...

In a chat with ET Now, Sudarshan Sukhani, Technical Trends, talks about Hathway Cable and Ballarpur Industries. Hathway Cable and Ballarpur Industries on the charts? Well Hathway Cable is up on the news. If you own it you sell it and get out of it. Ballarpur is a different story. It is the largest in the paper pack even if we forget about the business it is a large company. The charts are telling us that it is probably...

MUMBAI: Ballarpur Industries on Thursday said it has raised Rs 300 crore through share sale and issue of bonds to a promoter group ? BILT Paper Holdings Ltd ? on preferential basis. The committee of directors of borrowing has alloted 4.5 crore shares at Rs 30 per share, aggregating to Rs 135 crore and 5.5 crore bonds at Rs 30, totalling to Rs 165 crore, Ballarpur Industries said in a filing to the Bombay Stock Exchange. The securities under the...

ET Now spoke to Shardul Kulkarni, Sr. Technical Analyst, Angel Broking, on his stock pick in the paper space. What about some of the paper stocks on the charts, do you like anything? I track only one paper stock which is Ballarpur Industries . This is a very good chart pattern and any dip towards the 34 mark should be used to go long technically. I would place a stop loss at Rs 30 and play for a little longer term...

MUMBAI: Shares of Ballarpur Industries closed the day 8 per cent higher as International Finance Corporation will invest USD 100 million (about Rs 616 crore) in Bilt Paper BV, a step-down subsidiary of the paper manufacturer, in lieu of fresh shares. Ballarpur Industries' scrip settled at Rs 17.45, up 7.06 per cent from its previous close on the BSE. In intra-day, it zoomed 13.49 per cent to Rs 18.50. At the NSE, it closed with a gain of 8 per cent at Rs...

NEW DELHI:International Finance Corporation will invest $100 million (about Rs 616 crore) in Bilt Paper BV , a step down subsidiary of paper manufacturer Ballarpur Industries, in lieu of fresh shares. "BPBV has today entered into definitive agreements with IFC for subscription of new shares worth $100 million at an implied pre money valuation of $600 million," Ballarpur Industries said in a BSE filing. "This will result into a shareholding...

MUMBAI: The anti-monopoly watchdog Competition Commission of India has ordered an investigation to find out whether paper manufacturers in the country acted in collusion to increase prices simultaneously. "As per reports available in the public domain, the paper industry has been facing an excess supply situation owing to the significant capacity addition made in the past few years in conjunction with sluggish demand. Hence, in the absence of any credible information on...

MUMBAI: Shares of Ballarpur Industries today gained over 6 per cent after the company said one of its subsidiary was exploring fund-raising from International Finance Corp (IFC) and also a potential overseas listing. The stock rose by more than 6 per cent to Rs 20.25 in morning trade at the BSE, before paring some of the gains. The shares were trading 1.6 per cent higher at Rs 19.35 around the mid-day trade. The company announced that...

In a chat with ET Now, Ashwani Gujral of ashwanigujral.com, shares his view on Ballarpur Industries . ET Now: What is your call on Ballarpur Industries? Ashwani Gujral: Ballarpur Industries Ltd is a 'BUY' call with a target of Rs 26 and a stop loss of Rs 18.

MUMBAI: Shares of Ballarpur Industries jumped over 5.5 per cent on reports tobacco firm ITC has acquired 2.3 million shares or 0.5 per cent of its equity for Rs 5.6 crore. ITC has interests in paper, through ITC Bhadrachalam Paperboard, which was doing well, the report said. At 10:45 am, the company's shares were up 4.8 per cent at Rs 30.55 with volume traded at 1,12,079 against two-week average of 1,87,862 shares.

What about Ballarpur Industries ? Devang Visaria : Ballarpur we have been recommending time and again since 33-32 levels and we just took some profits off the table because that was near to the previous resistance levels of 38-38.5. Again on a medium term level, this is a definite buy. We would look for targets of 60-65 with a 6-month horizon and right time to buy it again would be on any dips to 35-36 and some quantity you should...

NEW DELHI: Rising crude prices led to sharp profit booking on the Dalal Street on Friday with Sensex registering its biggest single day fall since January 27, weighed down by losses in realty, power, oil & gas, capital goods and banking stocks. Although, the S&P BSE Sensex plunged 348.04 points or 1.36 per cent to close at 25,228.17. But, the real action was seen in the small and midcap space where as much as 488 stocks rose to touch their fresh 52-week...